Attorney General No.


Secretary of State No.



CAL-VET LOAN PROGRAM AUDIT. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Amends statutes and Constitution to require certified audit of Cal-Vet Loan Program by February 1, 2001, and every three years thereafter. Subjects state employees and others to criminal prosecution and, upon conviction, to forfeiture of employment, public office, and retirement benefits if, since 1982 or 1975, they knew or should have known of asserted wrongful use of Cal-Vet Program money. Requires commencement of criminal prosecutions and of civil actions to correct errors discovered in an audit and to recover money that is found to have been wrongly diverted. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Measure would have an unknown but potentially significant fiscal effect on state government by providing, based primarily upon the results of an audit, for the transfer of about $230 million to a reserve fund and by potentially resulting in tens of millions of dollars in additional costs. Some of these state costs would be one-time in nature and others would be ongoing.


John L. Debbs Cal-Vet Farm And Home Loan Program Investigative Committee, 6373 Riverside Boulevard, #161, Sacramento, Ca 95831 (916) 424-9139



Document Type



Failed to Qualify